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About JIFS

Ispos Connect, Tech Tracker Q1 2016 report notes that banking is the fastest growing service for phone users, where visiting social media sites are constant, online shopping and watching videos although increasing, are not increasing at anywhere near the speed of online banking. https://www.ipsos.com/sites/default/files/Future_of_Money_May2016.pdf

As with many of our indicators, Jamaica is well on the move to improve technology use within our local banking and financial services sector. The keynote speakers at the upcoming seminar, Financial Services in A Digitized World (FSDW), warn of ‘Digititis’ – being the compulsion to invest in technology without paying attention to strategy’. The seminar scheduled for March 5th, 2019 at the Jamaica Pegasus Hotel beginning at 8am will be addressing the use of digitization to enrich future business models and create value for various stakeholders, specific topics include:

The Myths and drivers of digital transformation

Implications for banking services and the future of money

What this means for business models

How to achieve digital maturity

Gold sponsors, Temenos, the world leader in banking software, appreciates the value of the seminar to the Jamaican and Regional financial services institutions, they will be represented by Diego Pinto, Business Development Manager for Temenos - LATAM & Caribbean who will be presenting on Digital Transformation and their expertise in partnering with financial institutions worldwide to transform their institutions and remain ahead of the ever evolving landscape.

Temenos works with 80% of the top 50 largest banks in the world and offers cloud-native, cloud-agnostic front office and core banking, payments, fund management and wealth management software products enabling banks to deliver consistent, frictionless customer journeys and gain operational excellence.

The seminar targets strategic leaders/decision-makers and promises to be informative and instructive as we ensure that our financial services sector is agile, responsive, ready to excel and maximize the opportunities being driven by technology within the sector.

You may register for the Financial Services in A Digitized World Seminar by following this link https://conta.cc/2G6fjUq

About JIFS:

The Jamaica Institute of Financial Services (JIFS) was established as The Jamaica Institute of Bankers (JIOB) in 1977 by the Bank of Jamaica and the Commercial Banks. In 1999 the Jamaica Bankers Association (JBA) assumed full responsibility for its operations. The name change took effect in May 2010 and reflects its mandate to support the financial services industry through training (Financial Services Training Institute), research (Research Club) and social exchange (Finance Club).

Its Executive Committee comprises senior heads of human resources of the financial services sector who provide guidance regarding its activities.

Through The Financial Services Training Institute, JIFS offers a number of short-term training courses and seminars as well as certification programmes from internationally recognized institutions. It has a wide cadre of facilitators both locally and overseas and offers training both on the open market and tailored for in-house purposes.

Established in 1973, the Jamaica Bankers Association (JBA) is the professional industry representative body for commercial and merchant banks in Jamaica.

The JBA’s principal purpose is to advocate for sound regulatory policies that will foster a vibrant and competitive environment for the benefit of the customers of its members and by extension the nation. The JBA accomplishes this through dialogue and partnership with government representatives to shape the regulatory and legislative framework in which members operate. At the same time, the JBA ensures its members are informed on how developments may affect their businesses and looks for opportunities to increase public awareness and understanding of the role and benefits of the financial services sector.

The JBA also aims to ensure continued public education through the promotion of financial literacy, thereby allowing banking customers to make well-informed financial decisions.